On Monday, the New York Department of Financial Services announced an update to its virtual currency oversight regime, including new criteria for how digital firms licensed by the agency can list different cryptocurrencies. As part of the revamp, DFS removed over two dozen tokens from its "greenlist" of approved tokens, including Ripple, Dogecoin, and Litecoin. As Congress continues to drag its feet on crypto regulation, DFS has established itself as a nation-leading digital asset supervisor thanks to its BitLicense program and virtual currency unit. Once two firms had self-certified a token for either custody or listing, the cryptocurrency would be included in the DFS greenlist.
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